March 5 2013

Almost perfect day with 6 wins, 1 stop and one breakeven. And about 15 not funny jokes.

 

Session Time: Tue Mar 05 00:00:00 2013

[09:06] {jdetente} Good morning all

01[09:06] {Threei}  morning jd

[09:08] {dino} gm

01[09:08] {Threei}  dino :)

[09:08] {nemo} Les, you sick?

06[09:08] * Threei slaps nemo around a bit with a frozen rabbit

[09:10] {dino} nemo, this northeast weather is getting tiresome. 10 degrees f this a.m. only 20 now

[09:10] {nemo} It's not so bad here, but let me look at what's coming

01[09:10] {Threei}  I don't know how you cope guys

[09:10] {nemo} alcohol

01[09:11] {Threei}  oh

[09:11] {scottie} good morning

01[09:11] {Threei}  scottie :)

[09:12] {nemo} yeah, we're getting whacked with snow Wed night and Thurs

[09:13] {cipher} gm

01[09:13] {Threei}  cipher :)

[09:19] {Will49} GM

01[09:20] {Threei}  will :)

01[09:20] {Threei}  let's sit out first minutes after opening

[09:20] {nemo} wow, all of 273k shares done on spy this morning so far

[09:23] {Les} morning Nemo. nah playing around with a new juicer. Wicked toy. Thinking up a horror film with my boy... "I juiced my sister..."

[09:24] {ese} morning............

01[09:24] {Threei}  ese :)

[09:24] {Les} new lease on life. quitting alcohol, bacon, drinking raw fruits and veges...

[09:25] {nemo} bacon?

[09:25] {nemo} wtf...

[09:25] {ese} NO!!!!!! WAY!!!!!!!!!

[09:25] {nemo} frickin' liberal

01[09:25] {Threei}  sigh

[09:25] {ese} exactly

[09:25] {Will49} comon les....man-up

[09:26] {Will49} come on

[09:26] {nemo} obviously he's lost something

[09:26] {Les} Doc put me on Ritalin last week. Found out thru me boy that I have ADD.

01[09:26] {Threei}  sanity?

[09:26] {Les} Ritalin is a great appetite suppresor and was originally marketed so

[09:27] {ese} lol

[09:27] {Les} so going the whole hog with newfound new years resolution

[09:27] {dptl} gm

[09:27] {ese} whiskey still works for me.........cures ADD like nothing else

[09:27] {Will49} well...good for you:)

01[09:27] {Threei}  dp :)

[09:27] {Les} but I think missing variable to my poor performance has been found finally

01[09:28] {Threei}  yeah, but what does bacon have to do with all this

[09:28] {ese} and vads vodka injections

[09:28] {nemo} identified you mean?

[09:28] {Les} nothing, absolutely nothing

[09:28] {Les} whatever nemo

[09:28] {Les} bacon's just a throwover for old time's sake

[09:29] {nemo} jesting about bacon....mmmmmmhhhhh

[09:29] {Will49} you offend all Canadians nemo

[09:29] {Will49} :)

[09:30] {jdetente} you can't quit bacon...it makes the world go round

[09:30] {nemo} that's fine....but why?

[09:30] {nemo} Will answer the question...

[09:31] {Will49} duhhh

[09:32] {Will49} question is above my pay grade

[09:32] {Will49} Vad says we are not to think

[09:33] {Will49} thinking gets in the way, or something

[09:33] {nemo} then explain your statement

[09:33] {Will49} i refuse to answer on the grounds that...

01[09:33] {Threei}  watching BBRY for short into bounce

[09:33] {Will49} saved by Vad

01[09:34] {Threei} Short Setup: BBRY  .75 break

01[09:35] {Threei}  If holds  .85 

[09:36] {cipher} dltr l .33

01[09:36] {Threei}  back to bounce idea, breakdown invalidated

01[09:37] {Threei} Short Setup: BBRY  .85 break

[09:37] {cipher} out dltr .44 +.11

01[09:38] {Threei} Short Setup: SLW  .55 break

01[09:38] {Threei}  hl

01[09:38] {Threei}  If holds  .65 

[09:38] {thomcbell} short setup rdn 10.62 break if holding 10.72

01[09:39] {Threei}  all time high DOW

01[09:39] {Threei}  no go SLW

[09:40] {thomcbell} rdn invalid 

01[09:41] {Threei}  rinse

01[09:41] {Threei}  BBRY stop .91

[09:41] {cipher} ebix l.36

01[09:42] {Threei}  should be 1:3er

01[09:42] {Threei}  1:1

[09:42] {cipher} meli s .90

[09:44] {thomcbell} rdn still on watch here 

[09:45] {cipher} bbry +.15 thx

01[09:45] {Threei}  yw

[09:46] {dino} panw sm l .01

01[09:48] {Threei}  1:2

[09:48] {thomcbell} good job vad

[09:48] {scottie} +.18 tks Vad

01[09:48] {Threei}  :)

[09:53] {Will49} nice one Vad

[09:53] {dino} panw stop -.21

01[09:54] {Threei} Long Setup:  JCP  .75 break hl

[09:54] {jdetente} very nice. tks Vad

01[09:54] {Threei}  yw

[09:54] {thomcbell} emn on long watch here 

[09:54] {thomcbell} too wide for us here 

[09:55] {thomcbell} rats rdn 

[09:55] {thomcbell} ago 19.80 short break if holding 19.90 a bit late there 

[09:56] {cipher} cov meli .53 +.37

01[09:59] {Threei}  BBRY stop for the last piece to .71

03[10:00] * Retrieving #discussions modes...

01[10:00] {Threei}  *(US) FEB ISM NON-MANUFACTURING COMPOSITE: 56.0 V 55.0E

[10:00] {dino} wtf panw rinsed and runs .60

[10:01] {Les} slw

01[10:06] {Threei} Short Setup: SLW  31 break hl

01[10:07] {Threei}  If holds  .10 

01[10:08] {Threei} Long Setup:  JCP  .60 break hl

01[10:09] {Threei}  If holds  .50 

[10:09] {dino} cree sm s .20

01[10:09] {Threei}  SLW is valid still

[10:10] {cipher} VRSN S .40

01[10:10] {Threei}  JCP, is triggers looks like a good double bottom

01[10:10] {Threei}  1:2 or 1:3

[10:10] {jdetente} stop at .49?

01[10:10] {Threei}  yup

[10:11] {dino} cree stop -.22

01[10:11] {Threei}  SLW nice juicy bid to break

01[10:12] {Threei}  Invalidated  SLW 

01[10:12] {Threei}  still on radar if reconsolidates

01[10:12] {Threei}  couple min in a range

01[10:15] {Threei}  some comparisons of today and last time DOW was at this level

01[10:15] {Threei}  SLW is valid again btw

01[10:15] {Threei}  Regular Gas Price: Then $2.75; Now $3.73

01[10:15] {Threei}  GDP Growth: Then +2.5%; Now +1.6%

01[10:16] {Threei}  Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million

01[10:16] {Threei}  Americans On Food Stamps: Then 26.9 million; Now 47.69 million

01[10:16] {Threei}  Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion

01[10:16] {Threei}  US Debt as a Percentage of GDP: Then ~38%; Now 74.2%

01[10:16] {Threei}  US Deficit (LTM): Then $97 billion; Now $975.6 billion

01[10:16] {Threei}  Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion

01[10:16] {Threei}  Gold: Then $748; Now $1583

[10:18] {Les} how's that buy and hold working for ya

01[10:18] {Threei}  depends on where you bought :)

[10:18] {Les} scalping day today. out .70 JCP ty

01[10:19] {Threei}  yw

[10:19] {Will49} charts all stpped here

01[10:19] {Threei}  mine too

01[10:20] {Threei}  T&S is correct

[10:20] {dino} streetsmartpro 5 days are crashing me

[10:21] {thomcbell} nem just briefly went red despite its being in the spx 500 

[10:22] {Les} no problems in europe

[10:22] {thomcbell} gld looks vulnerable here 

[10:24] {cipher} MDVN drop

[10:24] {dptl} no qoutes laser

[10:25] {jdetente} SLW triggered and went to 1:1

[10:25] {jdetente} covered half and then it bounced to stop

[10:25] {Les} ditto jd

[10:26] {cipher} mdvn l .81

[10:26] {jdetente} Good deal Les. thanks Vad

01[10:26] {Threei}  yw sir

[10:26] {nemo} I'm having some issues...ARCA is toast

[10:27] {nemo} frickin' hackers I'll bet

[10:27] {Les} not yer storm brewing up problems?

[10:28] {Will49} Laser back up

[10:29] {cipher} out mdvn .87

[10:30] {Les} vad slw bouncing on VWAP support at .90 let it consolidate and take it short again?

[10:30] {Les} GLD dropping hard

01[10:31] {Threei}  not sure yet

01[10:31] {Threei}  onw more bounce to establish resistance

[10:31] {cipher} sina drop

01[10:31] {Threei}  like this

[10:31] {Les} k

01[10:32] {Threei} Short Setup: SLW  .90 break hl

[10:32] {cipher} sina l .42

01[10:32] {Threei}  If holds  31 

[10:32] {nemo} lotta' support just below 48 in sina

01[10:34] {Threei}  goldbugs just can't catch a break

[10:34] {dino} sina sm l .45

[10:36] {ese} htz position L .97 startin to pay off +.34 so far

01[10:36] {Threei}  SLW 1:1

01[10:36] {Threei}  what are we, 4 for 5 today?

[10:37] {jdetente} yup

[10:37] {jdetente} smooth morning

01[10:37] {Threei}  despite gap up and market climb

01[10:37] {Threei}  adjusting

[10:38] {nemo} euphoria day in the markets

[10:38] {cipher} out sina .78 +.36

01[10:38] {Threei}  being this close to all time high, it was obvious magnet

[10:39] {scottie} out +.15 tks Vad

[10:40] {jdetente} 1:2

01[10:40] {Threei}  :)

[10:41] {jdetente} ok it may be time to start early St Patrick's Day celebration...

[10:42] {thomcbell} bbry decent bounce on volume there 

[10:42] {jdetente} now which Irish Whiskey do I want today...mmm

[10:43] {nemo} what was that whiskey with honey you mentioned last week

[10:43] {jdetente} Bushmills Irish Honey

[10:43] {nemo} cool

[10:43] {jdetente} that's a good one. They have another Bushmills called Black Bush that's supposed to be good

[10:43] {jdetente} aged in Sherry Caskets

[10:44] {Les} blend or single malt?

[10:44] {jdetente} blends

[10:44] {cipher} sina reload .56

01[10:45] {Threei}  wow JCP

01[10:45] {Threei}  bottomless

[10:45] {nemo} they may not have merchandise to sell this spring

[10:46] {cipher} out sina .72 +.16

[10:46] {dino} out sina .65, +.20, ty cipher

[10:46] {cipher} yw

[10:48] {ese} there she blows..................all time high for htz

[10:48] {nemo} thar

[10:48] {ese} ahhhhh.....eggzactilly

[10:49] {nemo} I'm from that neck of the woods

01[10:49] {Threei}  "eqzaktly"

01[10:49] {Threei}  come on ese, what's with english, it's horrible

[10:50] {ese} ok vad..........need some experience here............been along long while since i've been in this kinda stock........no resistance now...how far can i expect this thing to go.....what forces play on a stock like this or not

[10:50] {Les} jcp capitulation coming

01[10:50] {Threei}  anuone's guess... it's uncharted territory

[10:51] {Les} k

[10:51] {ese} oh......excuse my spelling.......

[10:51] {ese} gotta be some kinda blow off top for a stock like this.......yes .....no?

01[10:51] {Threei}  maybe

01[10:52] {Threei}  it may explode in a parabolic move

01[10:52] {Threei}  opr it mauy quietly fizzle out

01[10:52] {Threei}  just trail your stop and let it trade

[10:52] {ese} and i guess anyone stupid enough to short it is gonna fuel it going higher

01[10:53] {Threei}  pretty much, yes

[10:54] {ese} the anal...sists are saying 23...........that works for me

[10:55] {Will49} painful

01[10:55] {Threei}  just keep in mind, they have zero idea

01[10:55] {Threei}  zilch

[10:55] {ese} hmmmmmmm......speaking from experience per chance there will

01[10:56] {Threei}  they throw these numbers out there making sure of one thing only: their face expression is all serious, muzing, reflecting deep thought process

[10:56] {ese} lol

01[10:57] {Threei}  one says 21.80

01[10:57] {Threei}  another says, no 23

01[10:57] {Threei}  meanwhile stock trades at 24.50

01[10:57] {Threei}  how many times have we seen this?

[10:57] {cipher} jcp l.17

[10:57] {ese} lol ya

01[10:57] {Threei}  it's like they don't even have real time quotes

01[10:57] {Threei}  "value added," my a$$

[10:58] {cipher} out.23

[10:58] {ese} that i can confirm......read an article where one of those duffusses refused to look at real time stuff.......said it was folley

[10:58] {ese} not based in fact or reality

[10:59] {ese} wonder if he's still employed anywhere

01[10:59] {Threei}  imbecile

[10:59] {cipher} my vrsn short from .40 oficially turned into an investment

01[10:59] {Threei}  all he is interested in is his mental constructs

[10:59] {cipher} been sitting on it for an hour

01[11:00] {Threei}  lol cipher

[11:00] {ese} remember reading that just before or after I got onto this board about 4/5 years ago

01[11:00] {Threei}  those folks don't get that the price is the only reality

[11:00] {ese} lol...good one C.......that used to happen here before vad

[11:01] {cipher} are you saying this room was here before vad???

01[11:01] {Threei}  lol

[11:01] {dino} this rooms always been here

[11:02] {dino} i think jesse livermoor started it

[11:02] {dino} or al gore?

[11:02] {cipher} gotcha

[11:02] {cipher} :)

01[11:02] {Threei}  oh and btw, I am here just to pit wallpaper on

[11:02] {thomcbell} love the al gore - 

01[11:02] {Threei}  accidentally dropped some stock advice

[11:02] {ese} lol good one dino

[11:02] {dino} ;)

01[11:03] {Threei}  and everyone thought I was there for that... so I stuck around

[11:03] {Les} JCP again vad for a short?

[11:03] {ese} vad did you buy the room in a combination stock and money deal...........or just straight violent takeover

01[11:03] {Threei}  tempting...

01[11:03] {Threei}  not sure

[11:03] {Les} actually no

[11:03] {cipher} seems like jcp wants to go lower

[11:04] {Les} charts showing bullish divergence don't wanna short it

01[11:04] {Threei}  owner walked out for a min ese

01[11:04] {Threei}  I locked the door from inside

[11:04] {ese} smooth......nobody gets hurt

01[11:05] {Threei}  well... at first... but then he started knocking on the door too often and too loud

[11:05] {ese} lol

01[11:05] {Threei} Short Setup: LVS  .75 break

[11:05] {ese} hmmmmmmm....I know you.........am now trying to figure if that is fact or fiction....hmmmmmmm

01[11:06] {Threei}  If holds  .85 

[11:06] {cipher} cov vrsn .22 +.18

01[11:06] {Threei}  easy to find out ese

[11:07] {ese} check the morgue registry?

01[11:07] {Threei}  next time before opening the door, pry a few voards of the floor

01[11:07] {Threei}  boards

01[11:07] {Threei}  if there is a body under there, true

01[11:07] {Threei}  if not, fiction

01[11:07] {Threei}  Invalidated  LVS 

[11:08] {ese} hmmmmmmm.........as I said ....I know you......

[11:10] {cipher} clmt dropping

[11:10] {Les} JCP's bounce finished quick back to LoD

[11:10] {cipher} clmt l .60

[11:10] {ese} hey dino.......whats the closet PGA tour event to your place?    Wanna catch one down there sometime......then use your place for after round drinking

[11:11] {thomcbell} 15 big round number on jcp 

[11:11] {dino} lol ese, not really sure on closest pga

[11:11] {cipher} didn't I say jcp wants lower?

[11:12] {cipher} ahy didn't I short the bounce then???

[11:12] {cipher} why

01[11:12] {Threei}  you may have fainted for a min there...

[11:13] {dino} tbell, 10 is bigger

[11:13] {cipher} that's eqzaktly wha happen

01[11:14] {Threei}  as in:

01[11:14] {Threei}  "on 5th hour of dieting, walking by the fridge I must have lost consciousness for a min because next thing I remember, I was washing down a cake with borscht"

[11:14] {cipher} lol

[11:14] {thomcbell} awesome image 

01[11:14] {Threei}  lol

[11:15] {cipher} my last "dieting" ...

[11:15] {cipher} I'm not exactly overweight

[11:15] {cipher} more on a skinny side

[11:15] {cipher} but I tried for 3 months

[11:16] {Les} indexes double topping here?

[11:16] {cipher} wnet from 16.5 body fat to 6.5

01[11:16] {Threei}  wow

[11:16] {jdetente} 6.5???

[11:16] {cipher} yep

[11:16] {cipher} 6.5

[11:16] {Les} anorexic dude

01[11:16] {Threei}  that's anorexia territory

[11:16] {cipher} was also working out

[11:16] {thomcbell} no lasagna in that diet right?

[11:16] {cipher} just to prove the point

[11:16] {cipher} that it can be done

01[11:17] {Threei}  ok... skeleton with muscles

[11:17] {cipher} have pics to prove it

[11:17] {cipher} before and after

[11:17] {ese} is that 6.5 on the Richter scale per chance?

[11:17] {cipher} lol ese

[11:18] {cipher} no lasagna

[11:18] {dino} ayi sm s .15

[11:18] {cipher} and what was even worst...

[11:18] {cipher} no alcohol for the entire 3 months!!!

[11:18] {cipher} I'm a beer connosieur

[11:19] {ese} Les.........my wife and I are looking to buy a villa......ok apartment on Lago di Como........whanna help with the financing?

[11:19] {jdetente} what kind of beer are you into cipher?

[11:19] {cipher} all kinds

[11:19] {dino} i've been on the ultra and miller 64. atkins for last 7 weeks. -17.5 lbs

[11:19] {jdetente} my buddies and I have been doing a lot of homebrewing lately

01[11:19] {Threei}  tried my favorite?

01[11:20] {Threei}  Innis&Gun

[11:20] {cipher} except the usual AB crap

[11:20] {ese} ? huh

01[11:20] {Threei}  atkins works like charm, dino

[11:20] {cipher} didn't want to spell it ese... anheuser busch

[11:21] {dino} yes

[11:21] {jdetente} lately we've done a Scotch Ale. Dunkelweizen, Weizenbock, and Steam beer

[11:21] {ese} ah

[11:21] {jdetente} lots of fun to brew and it cuts down on drinking costs!

[11:21] {cipher} I'm putting it on my sopping list vad

[11:21] {cipher} shopping

[11:21] {thomcbell} how is that miller 64?

01[11:21] {Threei}  just don't bother with anything but original

[11:21] {Les} ese u mean do I know know any disreputable lender that would provide to an american because no bank would touch them?

[11:22] {dino} like water w/shot of beer

[11:22] {dino} but only 2.4 carbs

[11:22] {ese} rotflol........eggzactilly

[11:22] {thomcbell} interesting 

01[11:22] {Threei} Long Setup:  COG  63 break hl

[11:22] {dino} miller 64 2.4, ultra 2.6, miller lite 3.3, busch light 3.2

01[11:22] {Threei}  If holds  .90 

[11:23] {ese} except that i'm Canadian eh!

[11:23] {ese} heavy on the eh

[11:23] {cipher} the last one I discovered...

[11:23] {cipher} Samuel Smith Chocolate Stout

[11:24] {jdetente} oh that's a good one!

[11:24] {cipher} from a small UK brewery

[11:24] {cipher} yes

[11:24] {jdetente} tried it over the holidays

[11:24] {Les} canadian... american... same thing

[11:24] {ese} htz out 1/2 .61 +.64 2600 to go

01[11:24] {Threei}  just don't say anything like that when in Canada les

[11:24] {Will49} les...WTF

01[11:24] {Threei}  you won't get out of here alive

[11:24] {Les} :)

[11:24] {ese} lol

[11:25] {nemo} we can only hope

01[11:25] {Threei}  COG to-sided

[11:25] {Les} hehehe

01[11:25] {Threei}  two

[11:25] {cipher} btw there's a very good website that rates beers from al over the world

[11:26] {cipher} beeradvocate.com

[11:26] {jdetente} beeradvocate?

[11:26] {cipher} :)

[11:26] {jdetente} yeah that's a good site they review everything

[11:26] {cc_8} i am logging into beeradvocate.com right now

[11:26] {ese} anyone tried 

[11:26] {ese} GrimBergen from Belgium

[11:26] {dino} i think its run by stock analysists

[11:26] {ese} very rare to get

01[11:26] {Threei}  look what you've done... corrupted cc_8

[11:27] {ese} only one place on Vancouver island that you can get it........Oak Bay Beach Hotel

[11:27] {cipher} nah, he was already corrupt

[11:27] {jdetente} Here's another one I tried over the holidays. It's a belgian quad. Very tasty

[11:27] {jdetente} http://beeradvocate.com/beer/profile/268/84089

[11:29] {scottie} in .89

[11:29] {dino} ayi stop -.35

[11:30] {nemo} vix not dropping so they're buying hedges up here

[11:30] {jdetente} yup been watching VXX leveling out here

[11:31] {nemo} tlt rising though at vwap

[11:31] {dino} clmt partial l .34

[11:31] {cipher} nice entry 

[11:32] {dino} ty, only got 200

[11:34] {dino} thrx drop

[11:34] {cipher} thrx l.20

[11:35] {cipher} out .39 thx dino

01[11:35] {Threei}  1:1

[11:35] {Les} out for the scalp ty

01[11:35] {Threei}  yw

[11:35] {scottie} half out tks

[11:35] {dino} np

[11:37] {scottie} +.19 tks Vad

[11:37] {jdetente} ditto. thanks

[11:37] {Will49} good one vad tks

01[11:38] {Threei}  out too in full

01[11:38] {Threei}  yw guys

[11:38] {dino} rprx sm l .17

[11:39] {dino} nbl drop

[11:41] {dino} sm l .19

[11:41] {dino} out .61, +.42

[11:41] {cipher} wtg

[11:41] {dino} ty

01[11:50] {Threei}  1,000 flights canceled in Chicago as storm threatens to dump as much as 10 inches of snow

[11:50] {Will49} ah...global warming

01[11:51] {Threei}  one and only

01[11:51] {Threei}  living in Victoria, one starts losing perspective of what real winter is like...

01[11:52] {Threei}  this is our winter: http://goo.gl/iMrMW

[11:52] {Les} yeh yeh one day earthquake will come along and clean up that smug attitude...

01[11:53] {Threei}  so frikin what

01[11:54] {Threei}  something will happen one day everywhere

[11:54] {cipher} MDVN L .39

[11:54] {Will49} weather great even for smug guys like us

[11:54] {nemo} yeah, and if the Swiss smarten up they'll deport you as a national threat to IQ

[11:54] {Les} where u at will?

[11:54] {Will49} Victoria..where else?

[11:55] {Will49} Vad and I live together in an underground bunker

01[11:55] {Threei}  you want no treat of a quake, live in Saskatoon

01[11:55] {Threei}  congratulations, are you safe

01[11:55] {Threei}  or are you miserable?

[11:57] {Les} who r u talking to? Earthquake rumbles the alps south of here whole damn state will be washed away by the dam breaches

[11:57] {cipher} out MDVN .65 +.26

01[11:58] {Threei}  so, let me get this straight

[11:58] {Les} SLW support pity its lunch

[11:59] {cipher} mdl s.47

01[11:59] {Threei}  our place and yours are equally subjected to quakes, we have great weather, you have cruel winter - and you call us smug?

01[11:59] {Threei}  hell yeas, we are!

[11:59] {Les} :)

[11:59] {Les} dunno if u wanna call it cruel

[12:00] {Les} lot of idiots like the snow

[12:00] {cipher} cov NBL .29 +.18

[12:00] {Will49} we are smack in the middle of a 500 year window for our "big one" so it looks like a two-sided trade to me

[12:01] {Les} qcom

[12:02] {nemo} lunch

[12:02] {nemo} algo bait

[12:03] {Les} fair enough

[12:06] {thomcbell} vad - HCA 37.06 long break if holding 37.03

[12:06] {thomcbell} lol

[12:07] {cipher} CLMT S .30

01[12:07] {Threei}  lol

[12:08] {cipher} cov CLMT .19 +.11

[12:09] {cipher} CLMT L .20

[12:10] {thomcbell} ctsh trying here 

[12:10] {dino} clmt stop -.09

[12:12] {cipher} out  CLMT .36 +.16

[12:13] {dino} another rinse for me, that makes 4 today

[12:18] {cipher} MELI S .75

01[12:19] {Threei}  (ES) IMF: Spain must retain reform momentum, risks to Spain economy and financial sector remain elevated- Spain bank losses are set to rise futher. - Dividend cuts, new share sales are needed to bolster banks

01[12:19] {Threei}  new share sales, eh? but you institute transaction tax, idiots!

[12:20] {Les} hehehe

[12:21] {cipher} cov MELI .79 -.04

[12:21] {dino} tcbi drop

[12:21] {dino} sm l .98

[12:27] {ese} ok all........"time gentleman please...it's time to drink up your beer...time gentleman please...it's time we were no longer here"...hmmmm what was tt from...regardless gotta go cya tomorrow....

[12:27] {dino} cya

01[12:27] {Threei}  take care ese

[12:27] {ese} later D

[12:27] {ese} vad

01[12:30] {Threei}  action stopped

01[12:30] {Threei}  I'll be back in 40 min guys

[12:39] {Les} TCBI killing me

[12:39] {Les} some patience there dino

[12:39] {nemo} we could only hope

[12:40] {Les} you want me to have to call the janitor?

[12:40] {nemo} that's up to you

[12:40] {Les} touché

[12:41] {nemo} douche

[12:42] {dino} lol

[12:42] {nemo} ;-)  pure stream of consciousness

[12:42] {Les} you're an evil man mark

[12:43] {nemo} wow...I'm touched

[12:43] {nemo} thank you

[12:43] {nemo} even from you

[12:44] {Les} yeh well all things being balanced in Tao someone has to do it

[12:44] {nemo} harmony

[12:44] {Les} slwl crapping itself missed the .50 break

[12:45] {Will49} sheesh, i go away fro ten minutes and the kids are fighting

[12:45] {cipher} conn drop

[12:45] {cipher} conn l .56

[12:45] {Will49} kids=les/nemo

[12:46] {cipher} tcbi finally

[12:48] {cipher} out conn .74 +.18

[12:48] {cipher} tcbi +.10 thx dino

[12:50] {cipher} SIVB l.88

[12:51] {dino} np

[12:55] {cipher} TCBI reload .23

[13:01] {cipher} out .32 +.09

[13:03] {cipher} ipgp drop

[13:03] {cipher} ipgp l .05

01[13:07] {Threei}  back

01[13:08] {Threei} Short Setup: FB  .75 break hl

[13:09] {scottie} stop .81 or .86 ?

01[13:10] {Threei}  both are valid... but with hl, I'd prefer .86

[13:10] {scottie} tks

[13:13] {cipher} ipgp target .30+

[13:14] {thomcbell} hca long is excruciating 

[13:18] {thomcbell} prlb nice chart - thin - going to do a 47.84 long setup Half lot

[13:20] {thomcbell} good luck getting them 

[13:20] {cipher} ipgp to .23

[13:20] {thomcbell} i got a few hundred

[13:20] {thomcbell} wow 1:2

[13:21] {thomcbell} 1:3

[13:21] {cipher} wtg tbell

[13:21] {thomcbell} stupid 

[13:22] {thomcbell} thanks 

[13:22] {thomcbell} wanted to play it long this am when ssys had the good report 

[13:22] {dino} gj

[13:23] {scottie} out +.09 tks Vad

[13:23] {thomcbell} forgot about it 

01[13:23] {Threei}  FB 1:1

01[13:23] {Threei}  yw

[13:24] {cipher} ipgp at target

[13:26] {dino} nice call, out +.20, ty

[13:26] {thomcbell} PRLB 1:6

[13:26] {cipher} +.18 prlb thx tbell

[13:29] {cipher} out IPGP .44 +.39

[13:29] {thomcbell} OUT PRLB 48.41

[13:30] {cipher} congrats

[13:30] {Will49} nice tbell

[13:31] {cipher} prlb s .22

[13:32] {cipher} cov .96 +.26

[13:32] {thomcbell} thanks guys

[13:32] {cipher} thx for heads up on it

[13:32] {cipher} prlb atm

[13:33] {thomcbell} ago with a bit of consolidation here and thru 20.02 

[13:33] {Will49} out fb tks vad

[13:33] {cipher} ipgp had more juice in it :(

[13:33] {thomcbell} things has traded great all day 

01[13:34] {Threei}  yw

[13:34] {thomcbell} this prlb should be on our radar - it smells like it could be a real performer

01[13:34] {Threei}  1:2, out

[13:37] {scottie} Vad, you needed patience to wait for 1:2 against SPY. What made you keep faith on the trade

[13:37] {scottie} ?

01[13:37] {Threei}  simply lack of anything else to trade, and good buffer from previous trades

[13:37] {cipher} fb l .58

01[13:37] {Threei}  just waited for formal resolution, that's all

[13:38] {cipher} out .60 don't like it here

[13:38] {scottie} ok

[13:38] {dino} out rprx .38, +.21

[13:39] {dino} out tcbi .18, +.20

[13:41] {scottie} Gotta go, tks for profitable day Vad :)

[13:41] {Will49} see ya scottie

01[13:41] {Threei}  very welcome, see you tomorrow

[13:41] {Les} cheers scottie

[13:42] {cipher} ipgp s .49

[13:42] {thomcbell} jcp may be a donut 

[13:43] {thomcbell} 30% decline fter earnings

[13:43] {scottie} gn all

[13:43] {thomcbell} wow prlb

[13:45] {cipher} cov ipgp .33 +.16

[13:46] {dino} idcc sm s .50

[13:47] {thomcbell} ok AGO long setup 20.02 break if holding 19.94

[13:52] {dino} pzza spike

[14:02] {dino} cov/stop idcc .43, +.07

[14:05] {cipher} pzza s .40

[14:10] {cipher} pzza should go below 58

[14:11] {dino} none avail here

[14:12] {cipher} mdso drop

[14:18] {cipher} mdso l .44

[14:28] {dino} ect

[14:28] {cipher} out mdso .53 +.09

[14:29] {cipher} cbst drop

[14:29] {cipher} cbst ..22

[14:29] {cipher} long

[14:29] {thomcbell} ago invalidated

[14:32] {cipher} out CBST .39 +.17

[14:33] {Les} GDX

[14:35] {dino} gwre sm l .67

01[14:37] {Threei}  rofl... "I have a condition called "selective hearing," so if I don't answer, it's because my medical condition filters out bs"

01[14:40] {Threei}  come on... it's funny!

[14:40] {Will49} hahaha

01[14:40] {Threei}  sigh

01[14:40] {Threei}  I won't call 6 wins out of 7 anymore

[14:41] {Will49} :)

[14:41] {Will49} we're all daydreaming about how to spend our new-found fortune

[14:41] {Will49} so not seeing your jokes

[14:42] {Will49} apologies

01[14:42] {Threei}  sniff sniff

[14:46] {cipher} pzza finally

[14:46] {cipher} expecting rug pull on it

01[14:47] {Threei}  watching JCP for another dive and long entry for bounce scalp

[14:55] {thomcbell} how do you all think we close 

[14:56] {dino} +80

[14:56] {nemo} with Vad making a bad joke

[14:56] {dino} roflol

[14:56] {Les} lo

[14:56] {Les} lol

01[14:57] {Threei}  let me think of one

[14:57] {thomcbell} divergences in breakout of indexes 

[14:57] {Les} fine form today nemo

[14:57] {nemo} yeah, but they're right at vwap or very close

[14:58] {nemo} with Europe closing so strong I doubt we go much lower...famous last words of course

[14:58] {thomcbell} dow and spx are both through - but comp possibly failing - and russell not close at this point 

[14:59] {nemo} russell and spy spitting distance from vwap, as are finnies and dow and QQQs...I just don't see them selling off, unless they want to preempt a European retrace

[15:01] {nemo} Come up with one yet, Pahan?

[15:01] {nemo} if market weakens though, lvs good short

[15:03] {nemo} btw...WR1 is 92.02 in IWM

[15:03] {Les} SLW back at yesterdays low

[15:03] {nemo} finnies just above MR1

[15:04] {nemo} now they're getting jerky

[15:04] {dino} out gwre .97, +.30

[15:08] {cipher} infi s .88

[15:08] {thomcbell} jcp explosion

[15:08] {Will49} yikes

01[15:09] {Threei}  just as I was getting ready to call it

01[15:09] {Threei}  JCP Investors could be pushing to replace CEO

[15:09] {nemo} careful .66 pivot cipher

[15:10] {cipher} k thx

01[15:10] {Threei}  or demand sale of the company if sales continue to slide lower

01[15:10] {Threei}  amazing... just as setup formed

[15:14] {cipher} out INFI .78 +.10

[15:15] {cipher} out pzza .13 +.27

[15:15] {cipher} very dissapointed with pzza

[15:15] {Will49} too little cheese?

[15:15] {cipher} yep

[15:23] {dino} bummer gwre keeps going up

[15:25] {Les} SLW ready for a new short vad?

01[15:25] {Threei}  yeah

01[15:25] {Threei} Short Setup: SLW  .20 break

01[15:26] {Threei}  juggled between this and FB .35

[15:28] {cipher} pzza l .30

[15:29] {thomcbell} wow did that jcp rally get stuffed 

[15:33] {nemo} arguably, iwm looks long here, but....

[15:33] {cipher} out pzza .51 +.21

[15:34] {dino} sohu

[15:34] {cipher} wow

[15:35] {nemo} what u do cipher?

[15:35] {cipher} watch

[15:35] {dino} sm l .92

[15:35] {cipher} no guts

[15:35] {nemo} de-listing chatter

[15:35] {cipher} s .95

01[15:35] {Threei}  from nasdaq

[15:36] {nemo} getting sick of the subterfuge

01[15:36] {Threei}  no word of listing somewhere else

[15:36] {dino} out 41.40, +.48

[15:36] {dino} wicked ride

[15:37] {cipher} cov .35 +.60

[15:37] {cipher} wow

[15:37] {nemo} omg

[15:37] {dino} f#ck, went 2 bucks more

[15:37] {cipher} glad i'm out

[15:37] {nemo} try 4 dino

[15:37] {nemo} 5

[15:37] {cipher} holy s*!t

[15:37] {nemo} 6

[15:37] {dino} crying...

[15:38] {dino} news?

[15:38] {nemo} might be de listed

[15:38] {cipher} s sohu .92

[15:38] {cipher} cov .55

01[15:38] {Threei}  05 Mar 15:34[SOHU] Said to be preparing to delist from Nasdaq as it enters talks on financing to consider going private

[15:38] {cipher} +.37

[15:38] {thomcbell} what stock are u talking about 

[15:39] {cipher} brb...diaper break

01[15:39] {Threei}  lol

[15:39] {cipher} made my day

[15:39] {Will49} haha

[15:39] {dino} sohu

[15:40] {thomcbell} jcp 15.15 long break if holding 15

[15:40] {nemo} look what id did to bidu

[15:40] {nemo} and sina

[15:40] {dino} sob and i sold at 41.40

[15:41] {nemo} just be glad you didn't short, Cipher came close to losing his ass

[15:41] {cipher} dino you did the right thing

[15:41] {cipher} no kidding nemo

[15:41] {dino} yeah, unknowns, but wow

[15:41] {nemo} woulda shoulda coulda, you wouldn't have been able to get out

[15:41] {cipher} this just confirms that anything can happen

[15:42] {cipher} you never know

[15:42] {dino} eggzacally

[15:42] {Will49} live by the sword......

01[15:42] {Threei}  and wear diaper

06[15:42] * nemo slaps dino around with a "Dictionary of the English Language according to Vad"

[15:42] {Will49} the slap did it

[15:43] {dino} i like to think of the capitulation buys as "the quick or the dead"

[15:47] {dino} wow cyou, sina, bidu all popping on sohu

01[15:53] {Threei}  scratching SLW brealeven

01[15:53] {Threei}  time's running out

[15:53] {cipher} shpg l.78

[15:54] {cipher} out .86 

[15:54] {Will49} excellent day Vad...tks

01[15:56] {Threei}  :)

01[15:56] {Threei}  thank you all, have a good evening

01[15:56] {Threei}  see you tomorrow

[15:56] {Les} cheers

[15:56] {jdetente} great day thanks Vad. Have a good one.

[15:57] {thomcbell} take care all

[16:01] {dino} thx all

[16:01] {dino} gn

March 4 2013

Catch of the Day, GDX short, making new multi-year lows. Power of a trend carries your trade to profits.

Somewhat rough start to the day, then we hit our stride and righted it into profit with a few nicely winning ones in a row, GDX above being one of five.

Session Close: Mon Mar 04 00:36:41 2013

[08:59] {dino} gm
01[09:00] {Threei}  dino :)
[09:11] {jdetente} good morning
01[09:11] {Threei}  jd :)
[09:11] {nemo} JD?
[09:11] {nemo} oh
[09:11] {nemo} got excited for a minute
[09:12] {Les} bit early even for a pisshead
[09:12] {nemo} it's after lunch in Switzerland
[09:12] {Les} always 5pm somewhere
[09:13] {nemo} yep
[09:21] {scottie} good morning
01[09:21] {Threei}  scottie :)
[09:23] {ese} morning
01[09:23] {Threei}  ese :)
[09:23] {ese} wasn't able to make it to the board friday........
[09:24] {ese} to busy prepreping for the Union Club 100 anniv celebration on saturday night
[09:24] {dino} your fired
[09:25] {ese} tks
[09:25] {dino} :)
[09:25] {nemo} homonymic issues dino?
[09:25] {Will49} Good morning
[09:25] {ese} it's the wealthy of weathy club here in victoria.......the premier of the province gets an honnary membership
01[09:25] {Threei}  FCX... break of .30 on daily looks tempting for short
01[09:25] {Threei}  will :)
[09:25] {ese} will
[09:26] {Will49} hi ese
01[09:26] {Threei}  really ese?? just bfore dumping her as premier, lol
[09:26] {ese} she was invited but didn't show up
[09:27] {ese} little to much controversy lately
[09:27] {cipher} gm
01[09:27] {Threei}  cipher :)
[09:27] {ese} C
01[09:30] {Threei}  FB swan dive
[09:31] {ese} as it should be
01[09:31] {Threei} Long Setup:  FB  .70 break
01[09:31] {Threei}  If holds  .60
[09:31] {ese} supposedly loosing 5 to 10K accounts a day
[09:32] {thomcbell} looking for long setup bbry
01[09:32] {Threei}  not ready yet
01[09:32] {Threei} Short Setup: FCX  .30 break
01[09:33] {Threei}  If holds  .40
[09:35] {cipher} bidu l .23
[09:35] {dptl} gm
01[09:35] {Threei}  dp
[09:35] {thomcbell} bbry long setup 13.29 break if holding 13.18
[09:36] {cipher} out bidu -.24
01[09:36] {Threei}  FCX stop to .36
01[09:36] {Threei}  .25 becomes critical support
01[09:36] {Threei}  when lost, 1:2 should be easy
[09:37] {cipher} BIDU L .68
[09:40] {thomcbell} bbry invalidated
[09:41] {cipher} scss l .94
01[09:41] {Threei} Short Setup: SLW  .40 break
01[09:42] {Threei}  If holds  .50
[09:44] {jdetente} stopped FCX
01[09:45] {Threei} Long Setup:  JPM  49 break
01[09:45] {Threei}  If holds  .90
01[09:47] {Threei}  grrr
01[09:54] {Threei} Long Setup:  FB  .80 break
[09:54] {cipher} VRA L .40
01[09:55] {Threei}  was it out of bounds print at .91?
[09:56] {jdetente} didn't see it go to .91...
01[09:56] {Threei}  neither did I, had sell at .90
01[09:56] {Threei}  must be erroneous print
[09:57] {Les} slw
[09:57] {jdetente} frikin FB
01[09:57] {Threei}  wtf
01[09:57] {Threei}  not delighted
01[09:59] {Threei}  SKW short is valid
01[09:59] {Threei}  SLW
01[10:00] {Threei}  target 1:3
[10:04] {nemo} is the market trading?
01[10:05] {Threei}  in a very wierd way
01[10:06] {Threei}  as if everyone is afraid to cough
[10:06] {dino} slow
[10:07] {thomcbell} bbry long setup 13.09 break if holding 12.98
[10:07] {Les} banksters weak again as indexes try for higher
01[10:07] {Threei}  1:1
[10:11] {Les} JPM
[10:14] {thomcbell} bbry invalidated
01[10:14] {Threei} Long Setup:  CAT  .10 break hl
01[10:14] {Threei}  If holds  90
01[10:16] {Threei}  1:1
[10:16] {dino} csod partial s .98
01[10:21] {Threei}  SLW 1:2
[10:23] {thomcbell} 1 more time b bbry 13.05 break
[10:23] {thomcbell} if holding 12.95
[10:25] {Les} potential db on iwm scalping off tna
[10:25] {cipher} out vra .47 +.07
01[10:26] {Threei} Short Setup: CAT  90 break hl
01[10:26] {Threei}  If holds  .10
[10:30] {Les} 2 way?
01[10:31] {Threei}  can't tell
[10:34] {dino} stop csod -.32
01[10:38] {Threei} Short Setup: GDX  .70 break
[10:40] {thomcbell} bbry 1:1
01[10:42] {Threei}  one of the wierdest mornings
[10:42] {nemo} o.k. so it's not just me
[10:42] {cipher} and me
[10:42] {cipher} sitting on hands
[10:42] {cipher} notings works
[10:43] {jdetente} we're in bizarro world today
[10:43] {nemo} Well, it is us cipher, it's just that the market is apeing us today
01[10:43] {Threei}  where did this spike come from
[10:43] {dino} same here cipher
[10:44] {Will49} wither thou goest
01[10:45] {Threei}  a.k.a., Quo vadis
01[10:46] {Threei}  die already GDX
[10:46] {Will49} even praying doesn't help this morning
01[10:51] {Threei}  stop .76 GDX
[10:52] {thomcbell} flat second half of bbry
[10:53] {thomcbell} 13.05
01[10:54] {Threei}  unless it's just a monay morning confusion, this strange market behabios might be just what we qwant - sign of radical change coming
[10:54] {thomcbell} y
01[10:54] {Threei}  jeez, typing...
[10:57] {Les} CAT hesitates at the lows
01[10:58] {Threei}  3 cents more, GDX?
01[10:58] {Threei}  then lose .60 and die?
01[10:59] {Threei}  please?
01[10:59] {Threei}  (trying to kill it with kindness)
[10:59] {Les} never been your strong suit
01[10:59] {Threei}  no
01[10:59] {Threei}  and, if killing with kindness doesn't work, baseball bat is right there
[11:00] {Will49} Vad always speaks kindly of you Les:)
01[11:00] {Threei}  once again have to notice, GDX moves in opposite to SPY
01[11:00] {Threei}  so does SLW
01[11:00] {Threei}  grrr SLW, look at it
01[11:01] {Threei}  ok... 1:1 GDX
01[11:01] {Threei}  hopefully that's not all it has in the store for us
01[11:02] {Threei}  being third win a row, makes morning a bit brighter, but far from the morning of my dreams
[11:02] {Les} .45 is vwap resistance for FAS banksters getting cold shoulder here
01[11:05] {Threei}  market spike... time to die, GDX
01[11:07] {Threei}  see? market drop kept it from breakdown
01[11:08] {Threei}  precious metals are seen as hedge,
01[11:09] {Threei}  and miners, represented by GDX, are first to drop
01[11:15] {Threei}  good boy
01[11:15] {Threei}  do 5 cents more
01[11:16] {Threei}  look at GDX daily
[11:16] {Les} ready to vomit sooner or later
01[11:17] {Threei}  going 4 years back, no such lows
01[11:17] {Threei}  and no support in sight
01[11:22] {Threei}  1:2 baby
01[11:23] {Threei}  ok... 1:3 and I am almost happy camper
01[11:23] {Threei}  let's say, content camper
01[11:28] {Threei}  new low
01[11:30] {Threei}  ok, this I gotta share
01[11:30] {Threei}  new line of perfume for traders, Spray'n'Profit
01[11:30] {Threei}  credit to cc_8
01[11:31] {Threei}  no?
01[11:31] {Threei}  oh well
[11:32] {Will49} how about spray n pray?
[11:33] {Will49} no?
[11:33] {Will49} oh well
01[11:34] {Threei}  tough crowd will
[11:34] {Will49} :)
[11:34] {Will49} all alseep
[11:34] {Will49} asleep
[11:34] {cc_8} lol
[11:35] {Les} nice one on GDX
01[11:35] {Threei}  will be in 6 cents
[11:36] {Les} c&h JPM?
01[11:37] {Threei}  yes...
01[11:37] {Threei}  not sure I want to play it
[11:37] {Les} y
[11:38] {thomcbell} bbry 13.16 break - if holding 13.05
01[11:49] {Threei}  GDX...
01[11:50] {Threei}  my carefully nurtured baby
01[11:51] {Threei}  (IR) Israel PM Netanyahu: Iran has not crossed the red line with its nuclear program, but it keeps getting closer- Neither words nor sanctions will stop Iran, a credible military threat is needed. - Iran is using negotiations to run out the clock.
01[11:51] {Threei}  1:3
[11:51] {Will49} tks Vad out
01[11:52] {Threei}  I'll be out with first uptick
01[11:52] {Threei}  finger on a trigger
[11:52] {Will49} see why you stayed
01[11:52] {Threei}  out .36
01[11:52] {Threei}  whew
01[11:52] {Threei}  day saver trade
[11:52] {Will49} i can put my straight razor away now:)
01[11:53] {Threei}  hehe
[11:53] {jdetente} out .35...awesome trade. day getting more delightful
01[11:53] {Threei}  :)
01[11:59] {Threei}  visual: http://tradinglog.realitytrader.com/2013/03/march-4-2013.html
[11:59] {thomcbell} IM still long bbry from 13.15 buy stop - but now setup looking better
01[12:01] {Threei}  wow GDX... underestimated
01[12:01] {Threei}  I guess I was eager to fix the day :)
[12:01] {Will49} greedy, greedy
[12:01] {Will49} :)
01[12:01] {Threei}  not greedy enouhg in this instance :)
[12:01] {nemo} fearful fearful fearful
01[12:02] {Threei}  goldbugs must be pulling hair out of their heads seeing this move
01[12:04] {Threei}  week hasn't started yet and we already have a winner in stupidest comment contest:
01[12:04] {Threei}  (EU) Former-ECB chief Trichet: Europe monetary union has been a great success; Europe needs an economic and monetary union.
[12:17] {thomcbell} short setup splk 37.58 break if holding 37.66
01[12:17] {Threei} Short Setup: FB  .60 break
01[12:21] {Threei}  wtf
01[12:22] {Threei}  1 cent to 1:1
[12:22] {jdetente} what the heck was that..
01[12:23] {Threei}  no idea, no news
[12:23] {thomcbell} long setup mbi 10.75 break if holding 10.65
[12:24] {jdetente} I was contemplating taking .51 on that sucker too
01[12:26] {Threei}  I am out
01[12:26] {Threei}  this is too weird
[12:27] {jdetente} FB does not like us today
[12:28] {nemo} at least I'm consistent
[12:28] {jdetente} lol
[12:28] {nemo} subtle, huh?
[12:30] {dino} vxx l .30
[12:32] {thomcbell} out bbry with tiny profit
[12:32] {dino} out vxx .42, +.12
[12:47] {dino} pamw sm l .40
[12:50] {dino} bidu sm l .95
[12:51] {thomcbell} mbi out balance
[12:51] {thomcbell} 1:5
[12:52] {thomcbell} holy bathroom run
01[12:53] {Threei}  lol
01[12:56] {Threei}  (EU) ECB said to refute press speculation that indicated the ECB has considered exiting the Troika due to concerns about central bank independence - financial press- An earlier German press story suggested that the ECB was considering separating itself from the Troika structure with the IMF and EC because of worries about political influence in both directions; ECB members are said to be concerned that the Troika may exhibit undue influence on central bank policy, and in turn that the ECB may have increased influence on European politics. -
[12:56] {thomcbell} covering half of splk here flat at 37.59
[12:57] {thomcbell} wow - mbi just hit 1:9
01[12:57] {Threei}  I don't see any news on it
01[12:57] {Threei}  ahh here it is
01[12:57] {Threei}  MBI Said to have defeated lawsuit on 2009 lawsuit regarding restructuring
[12:59] {dino} out panw .69, +.29
[12:59] {thomcbell} better to be lucky than good i suppose vad
01[12:59] {Threei}  :)
[13:00] {dino} indeed
[13:04] {thomcbell} 1:18
[13:05] {thomcbell} hehe
01[13:05] {Threei}  lol'
[13:05] {jdetente} yowzas
[13:06] {dino} i can't borrow it
01[13:06] {Threei}  so far, it has been a good thing, lol
[13:06] {dino} yeah, so far, but...
[13:09] {dino} panw sm l .04
[13:18] {dino} bidu to b/e
[13:21] {dino} out panw .34, +.30
01[13:21] {Threei} Short Setup: SLW  .50 break
[13:30] {dino} out bidu .29, +.34
[13:53] {dino} depo
[13:53] {dino} sm s .96
01[13:54] {Threei}  wow GDX
[14:00] {dino} depo to .91, thing isn't dropping
[14:01] {dino} stop flat w/slip
[14:15] {Les} wake up vad slw broke trigger
01[14:16] {Threei}  yes... yawn...
01[14:16] {Threei}  2-3 hours more, and it may even reach 1:1
01[14:16] {Threei}  yes, you heard that right - today!
01[14:22] {Threei}  wow
01[14:22] {Threei}  maybe even faster
01[14:22] {Threei}  I am about to faint
[14:25] {scottie} half out .41 tks Vad
[14:26] {Will49} yes, tks for fainting
01[14:27] {Threei}  hah? umm... what happened?
[14:30] {Will49} hey there scottie...where you been?
[14:30] {scottie} hanging around... loosing money... well
[14:31] {Will49} yea..me too. education is expensive eh?
[14:31] {Les} big c and h here on IWM
[14:31] {Will49} but effective
[14:31] {scottie} managed to catch all the loosers, this is my first winner :)
01[14:31] {Threei}  wow
01[14:31] {Threei}  how... winners were not all that fast
[14:32] {scottie} I know, but took some time off
[14:32] {Will49} scottie. i told you never say that out loud when Vad's around :)
[14:32] {scottie} lol
[14:33] {Will49} he'll take the ruler to us
[14:34] {Will49} any of you younuns know what means?
[14:34] {Will49} young-uns
[14:34] {scottie} I'm not that young, I remember l0l
[14:35] {Will49} :)
01[14:35] {Threei}  what ruler... 2x4, and if that doesn't work, nemo comes in play wi'th ak-47
[14:36] {scottie} out +.19 finally tks Vad :)
01[14:36] {Threei}  yw :)
[14:36] {Les} last piece here ty vad took some time but the drugs help...
01[14:36] {Threei}  I am holding out for 1:3
[14:37] {Will49} tks Vad...getting brighter out there
01[14:37] {Threei}  this one made day nicely green
01[14:38] {Threei}  3 before that, with FDX being 1:3er, evened it out
01[14:38] {Threei}  GDX
01[14:45] {Threei}  1:2
01[14:45] {Threei}  1:3
01[14:45] {Threei}  me out
01[14:45] {Threei}  me happy
[14:45] {Will49} wtg Vad
01[14:45] {Threei}  ty
01[14:45] {Threei}  rough start
01[14:45] {Threei}  ironed out perfectly
[14:48] {dino} tgt
[15:00] {dino} strange day...not many set-ups for my edge
01[15:01] {Threei}  strange is right
01[15:01] {Threei}  only PMs and miners act as I thought they would and in readable manner
01[15:01] {Threei}  the rest is groggy
[15:03] {dino} agree. 07 scanners' running gappy, usually smooth
[15:17] {dino} athn drop
[15:19] {dino} sm l .80 wide
01[15:20] {Threei}  BBRY, looks sad
[15:20] {dino} no go, stop
[15:26] {nemo} remember what I said about bear lube in the post
[15:26] {nemo} ?
[15:27] {dino} rprx gap fill
[15:27] {jdetente} hahaha
01[15:32] {Threei} Short Setup: BBRY  .85 break
[15:33] {scottie}  H&S ?
01[15:35] {Threei}  smaaaal one :)
[15:37] {Les} can't borrow here
01[15:52] {Threei}  stop .86
01[15:55] {Threei}  time's pressing
01[15:55] {Threei}  2 min more
01[15:55] {Threei}  come on BBRY, a few more cents
[15:56] {scottie} out .78 +.06, patience level 0
01[15:56] {Threei}  hehe
01[15:58] {Threei}  oh well, saved by the bell
01[15:58] {Threei}  thank you all, have a good evening
01[15:58] {Threei}  see you tomorrow
[15:58] {scottie} gn all
[15:58] {Will49} Cheers guys
[15:58] {jdetente} Hasta manana

Nemo's Findings week of 3/3/2013

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Has the long awaited/anticipated pullback begun?

Well, the week started out in fine fashion creating what looks like a lower high on Monday.

Tuesday started out promising in a The-Grinch-Who-Stole-Christmas sorta' way, but the everfaithful Monthly Pivot did the Cindy-Lou-Who thing and stopped the pullback in it's tracks.  Notice:  I had mentioned how the Semesterly R1 in IWM and SPY had been providing support since January 25th or so.  Well, IWM violated it for less than 15 minutes and SPY spent about half a day under it.  Might be worth looking IWM SPY and FAS formation here.  Late in the day I shot off my mouth saying this chart formation looks very bullish for the 'morrow. (mmmmhhh, just heard the Canterbury Tales in my head).  Indexes had bounced basically at strong support, and if you look closely you will see a red "23.6" to the left of IWM and SPY on that day near the bottom of price action for IWM and SPY.  THAT, is the fib retracement from the November 2012 low in both instruments.  Confluence...funny how that works.

 

  Oops...I screwed up on the chart copy, so this will be for two days.  As you can see, the 27th proceeded as I thought bouncing off the support from the prior day.  Now what adjective will we use that I absolutely hate in financial headlines:  "rocketing"  "surging"  higher.  As you can see on the 28th SPY had broken the Weekly pivot, with IWM and FAS making the weekly pivot  and bonds found a floor at the Monthly pivot.

 

 

We had a quick sell-off in the morning with FAS IWM and SPY all bottoming basically at levels in different time frames, and frankly, this is something I look for:  an inflection level for each instrument doesn't have to be one defined by the same time frame, but often you will see inflection when the instruments all arrive at different multi-time frame levels at the same time.  In this case, the FAS reached QR2, which coincided with the breakout of the formation from the 26th.  IWM tested support of the breakout from the same day, whereas SPY only approximated the breakout level. 

 Of course, this raises the logical, but irrelevant question: 

"Well, how do you know which was the cause and which was coincidence?"  

Simple answer:  "I don't."   

But...the more levels that coincide for different trading styles the higher probability of something happening.  Then, it's up to your skill at understanding price action at that level.  Look, I had ADD/ADHD/multiple personality-schizophrenic psychosis long before they had a diagnosis.  This method allows me to focus on specific levels when price gets there without having to maintain concentration continuously.  When you have as much bouncing around in your head during the day as I do, that's a good thing.  

On a related note regarding distractions to concentration: had to corral bunny this week, she was attacking my father in a territorial dispute. Actually rather comic watching an 80 year old man with an oxygen bottle in his hand, balancing on one leg while attempting to shake the other leg to dislodge an attacking rabbit from his pants.  Amazingly vicious for such a cute little thing. 

Brings back memories:  http://www.youtube.com/watch?v=QM9Bynjh2Lk

Who'da thunk?

 

Back to the chart:  So, Friday basically left us treading water in the range we entered on Thursday.  Notice how TLT oscillated around the 50 day SMA.

So, we had pretty positive price action this week for all intents-and-purposes.  The Italians couldn't tank it.  Walmart's crappy results couldn't tank it.  The sequester, which is a thimble full of water in a septic tank full, couldn't tank it.  We'll see what Monday brings, but my bias is long going for new highs in the market this week.  Buy some lubricant for your local bear.

Anyway, the week that is...  

  

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: Markets Weather Political Follies in Washington and Rome


- Trading in global markets was highly volatile this week. The indecisive outcome of the Italian parliamentary elections has left Italy in limbo without a government, threatening a full-blown return of the euro crisis just as it seemed that the European Union had gotten the situation under control. Later in the week, a round of dire European February manufacturing PMI data suggested that the economies of the EU member states were stabilizing at a very low level, or in the case of Italy were actually getting worse. In the US, much of data was quite good: the US February ISM manufacturing index rose to 54.2, its highest level since June 2011, beating expectations, and the new orders sub-index was near two-year highs. The second reading of US Q4 GDP was lower than expected but came in hair better than the first reading, rising to +0.1% from the initial -0.1%. In China, there were reports that the government would institute a package of measures to help curb the overheating home prices. Note that the new government will be seated next week. There was much hoopla late in the week about the DJIA climbing to within striking distance of all-time highs. For the week, the DJIA gained 0.6%, the S&P 500 added 0.2% and the Nasdaq rose 0.3%.

- Anxieties about the Italian parliamentary elections were more than borne out by the results this week. Initial exit polls on Monday suggested that Bersani's center-left coalition had won a decisive victory, however the messy reality showed Bersani had not achieved a margin of victory that would let him form a government without the support of either Berlusconi's center-right coalition or Beppe Grillo's Five Star Movement. Both Berlusconi and Grillo have repeatedly refused to join in the formation of a government, although Grilllo seemed to hint he might support a left-wing government once it was in office. By the end of the week, Berlusconi was calling for a new election. Data released this week emphasized Italy's desperate need for a stable government as the January unemployment rate rose to 11.7%, the highest level since the series began in 1992, and 2012 final GDP came in at -2.4%.

- President Obama and the Congressional leaders failed to replace the sequester cuts with a more reasonable package of budget reductions. There was endless political sniping by Speaker Boehner, Senate Majority Leader Reid and Obama, but in the end nothing was accomplished. The current continuing resolution that provides the government with funding expires on March 27, although there have been reports that talks are happening between the two sides to extend this date until September in order to provide space for negotiations to replace the sequester. If no deal is struck, there is the possibility of a government shutdown and a bruising political battle. On Friday, President Obama conceded that in may take weeks or months to reach a deal to replace the sequester cuts with more targeted measures.

- In other Washington news, the Senate Finance Committee backed President Obama's nominee to head the Treasury, Jack Lew, overlooking the perks he got from previous employers and clearing the way for a full-Senate confirmation vote. Fed Chairman Bernanke provided semi-annual testimony before the Congress. He reiterated his standing opinions, offering little new. He defended QE, saying the benefits of asset purchases clearly outweigh the costs and urged the Congress to replace the sequester cuts with more nuanced and gradual spending reductions.

- Despite the DJIA's run toward fresh all-time highs, Treasury yields have remained near the lowest levels of the year. Investors eager to start the "great rotation" in earnest continue to be cautioned by safe haven flows prompted by the still uncertain situation in Europe and Bernanke's insistence that rates are not going up anytime soon.



- The earnings focus was on retailers this week. Shares of JC Penny fell about 20% following its disastrous Q4 report, which one analyst called the worst quarterly results by a retailer in history. The bleeding continues apace, with comps down nearly 32% in the quarter. CEO Johnson admitted that mistakes had been made and said a new promotional strategy would be adopted. Target's results were weak, with sales comps barely above flat in its Q4 and the outlook for full-year comp flat with last year. Gap, Limited Brands, and TJX had decent Q4s, but like other retailers their guidance for the current quarter and the FY was weak.

- Ahead of Apple's annual shareholder meeting this week, there was plenty of speculation about what the company might do with its cash hoard. Greenlight Capital's David Einhorn has been pushing the company to return the cash to shareholders, and at the meeting Apple CEO Cook acknowledged discontent among holders and promised that the company was working on ways to reward shareholders, although he offered no concrete measures.

- The euro was hammered by the events in Italy, and on Friday EUR/USD momentarily nosed below its January lows. Recall that the pair's January trading range has marked either the high or the low for remainder of the year in ten out of the 13 years since the euro's launch in 1999. The January 2013 range is 1.3711 to 1.2994. The optimistic early Italian exit polls on Monday had sent EUR/USD above 1.33, but the pair bounced around between 1.3030 and 1.3160 once the political trench warfare began in Rome. Friday's awful European PMI data sent EUR/USD as low as 1.2970, although it managed to close out the week above 1.30.

- Cable plumbed 2.5-year lows through the end of the week on fears that the UK really was headed for a triple-dip recession. The PMI data suggest that the UK economic contraction is worsening rather than getting better as the Cameron government holds the course on fiscal consolidation programs. GBP/USD fell below 1.52 early on in the week and only found support right at 1.50 after the PMI numbers on Friday.

- USD/JPY headed even higher on Monday after reports suggested that PM Abe had settled on Haruhiko Kuroda as the new BoJ chief. Kuroda is said to support Abe's policy of inflation targeting and monetary easing. However the risk-on tone that returned after the initial Italian election results came in helped strengthened the JPY on Monday and sent USD/JPY to its lowest levels since late January, just above 90. The pair floated back above 93.50 by week's end.


TradeTheNews

March 01 2013

Tiresome end to the week, with good morning, very boring and negative afternoon, ending negatively as well. Slow creep-up, again.

Session Time: Fri Mar 01 00:00:00 2013
[09:07] {jdetente} Good morning
01[09:07] {Threei}  jd :)
[09:13] {dino} gm
01[09:13] {Threei}  dino :)
[09:14] {cipher} gm
01[09:15] {Threei}  cipher :)
[09:16] {dino} db ouch
[09:18] {Will49} good morning
01[09:18] {Threei}  will :)
01[09:19] {Threei}  two days ago, exchange at the close:
01[09:19] {Threei}  15:47] {Threei} ah, who knows
01[09:19] {Threei}  [15:47] {Threei} Bunga bunga says overnight he wants to go back to polls, we open -300
01[09:19] {Threei}  [15:47] {nemo} nah
01[09:19] {Threei}  2 min ago:
01[09:19] {Threei}  (IT) Italy's Berlusconi: Need to change electoral law and go to vote- financial press
[09:19] {scottie} good morning
01[09:19] {Threei}  scottie :)
[09:22] {Will49} Isn't berusconi just the greatest role model we've ever seen?
[09:23] {Will49} the leader of th clowns
01[09:25] {Threei}  pretty much
01[09:26] {Threei}  many in Italy say though, country being largely ungovernable for decades got some kind of governability under him
[09:29] {dptl} gm
01[09:30] {Threei}  dp :)
[09:33] {cipher} adp l .85
01[09:34] {Threei} Short Setup: JCP  .60 break hl
01[09:35] {Threei}  If holds  .70
[09:35] {cipher} IDCC L .80
01[09:39] {Threei}  1:1
01[09:39] {Threei}  1:2, out
[09:40] {Will49} tks Vad...nice beginning
01[09:40] {Threei}  long hesitation but when it moved, it moved fast
[09:40] {jdetente} thx Vad
01[09:40] {Threei}  yw
01[09:41] {Threei}  (EU) EC said to feel that Ireland should receive an extension on its Troika loan; links between sovereigns and banks still needs to be broken
01[09:41] {Threei}  (US) Governor of Michigan expected to declare a state of fiscal emergency for Detroit (would be largest municipal bankruptcy in US history)- finanical press- Reminder: on 2/28 the Mayor of Detroit commented that the Michigan Governor was to announce a state takeover of Detroit on Friday, March 1
[09:42] {dino} bdbd sm l .50
[09:42] {jdetente} I worked in downtown Detroit for a few months last year...depressing place.
01[09:42] {Threei}  recovery goes nicely I see
[09:43] {cipher} EVEP L .75
[09:44] {dino} aciw sm l .50
[09:44] {cipher} out evep .20 +.45
[09:45] {dino} gj
[09:46] {cipher} ty
01[09:47] {Threei} Short Setup: LVS  51 break hl
01[09:47] {Threei}  If holds  .10
01[09:49] {Threei}  Invalidated
[09:50] {dino} odd, clf positive
[09:50] {scottie} got in at .98, out at .12 ??
01[09:51] {Threei}  hah... I missed it triggering
[09:51] {scottie} lucky you :)
01[09:51] {Threei}  looked at another stock at the time, didn't see it
01[09:52] {Threei} Short Setup: GDX  .40 break
01[09:52] {Threei}  If holds  .50
[09:55] {dino} 07 green
[09:57] {dino} out bdbd .81, +.31
[09:59] {cipher} evep l .45
[10:00] {dino} out aciw .91, +.41
01[10:00] {Threei}  *(US) JAN CONSTRUCTION SPENDING M/M: -2.1% V 0.4%E
01[10:01] {Threei}  US) FEB ISM MANUFACTURING: 54.2 V 52.5E; PRICES PAID: 61.5 V 57.0E
01[10:01] {Threei}  1:1
01[10:01] {Threei}  *(US) FEB FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 77.6 V 76.3E (highest since Nov 2012)
[10:02] {cipher} out evep .78 +.33
[10:05] {dino} mga spike (sounds like dr. evil company)
[10:08] {dino} guess no austin powers fans
01[10:08] {Threei}  lol
01[10:13] {Threei} Short Setup: SLW  .70 break
01[10:14] {Threei}  If holds  .80
[10:20] {cipher} out idcc .78 -.02
01[10:20] {Threei}  no go
[10:21] {cipher} mdco drop
[10:24] {dino} unxl drop
[10:25] {cipher} mdco l .16
[10:26] {cipher} anss drop
[10:29] {cipher} anss l .25 ave
[10:30] {dino} aciw sm l .41
[10:31] {dino} fcx sm l .55
[10:33] {cipher} out mdco .35 +.19
[10:34] {cipher} out anss .71 +.46
[10:34] {dino} nice
[10:34] {cipher} thx
01[10:36] {Threei} Long Setup:  BBRY  .50 break
[10:37] {cipher} evep blood
[10:37] {dino} 25% reduction in reserves
[10:37] {cipher} evep l.09
[10:38] {cipher} out .43 +.34
[10:38] {dino} 48,76 area gap evep
[10:38] {cipher} is that bad news?
[10:38] {cipher} whatever
[10:38] {dino} i guess
[10:38] {cipher} I don't care either way
[10:38] {cipher} got my scalp
[10:39] {dino} i'll look at it around gap area if it gets there
01[10:39] {Threei}  cipher reached Zen of Price
[10:40] {cipher} gut feel works fine for me
[10:40] {dino} half the battle buddy
01[10:40] {Threei} Short Setup: NTAP  34 break
01[10:40] {Threei}  If holds  .10
01[10:42] {Threei}  Invalidated
[10:43] {dino} markets are saying cut some more politicians
01[10:44] {Threei}  but didn't 170 million lost their job today?
[10:44] {dino} giddy-up
01[10:44] {Threei}  lose
01[10:44] {Threei}  and techers got fired everywhere?
01[10:45] {Threei}  and fires burn unattended?
[10:45] {dino} and dogs and cats living together
[10:45] {dino} chaos
01[10:46] {Threei}  lions and lambs?
[10:49] {Will49} Burlisconi would clean this mess up
01[10:49] {Threei}  we can only hope
[10:52] {dino} stop fcx .49 -.06
[10:53] {dino} meli spike
[10:58] {dino} out aciw .62, +.21
[11:00] {cipher} alny l .09
[11:01] {dino} reload .76 aciw
[11:02] {cipher} out alny .20 +.11
[11:08] {dino} ioc drop
[11:09] {cipher} nice call... missed it
[11:10] {cipher} buck fifty in couple min
[11:11] {dino} stop aciw .59 -.17
[11:11] {dino} missed it too
01[11:14] {Threei}  crap, NTAP invalidated, then worked
01[11:14] {Threei}  BBRY, trail to .44
01[11:16] {Threei}  (US) Speaker Boehner (R-OH): Reiterates need to take on the spending problem in Washington; hopeful will not have to deal with Govt shutdown (due March 27) while still dealing with sequester
01[11:17] {Threei}  Reiterates the discussion about new revenues is over
[11:19] {dino} good
01[11:19] {Threei}  remains to be seen whether they can stand their ground
[11:22] {dino} ioc drop
[11:23] {dino} secondary for 1 b
01[11:25] {Threei} Short Setup: SLW  .60 break
[11:26] {dino} unxl drop
[11:28] {nemo} president speaking in 10, headline risk
01[11:28] {Threei}  in 7
[11:29] {dino} he'll be whining
[11:29] {nemo} fine
[11:29] {jdetente} meh BBRY
01[11:32] {Threei}  stop tightening was a good idea
[11:32] {scottie} enough pain for me, I'm outta here, see you all monday
[11:32] {nemo}  bend over and take it like a man
[11:32] {scottie} BOHICA lol
01[11:32] {Threei}  have a good weekend scottie
01[11:32] {Threei}  there is news on BBRY also
[11:33] {Will49} fagettaboutit man
01[11:33] {Threei}  Pacific Crest cautious comments
[11:33] {dino} cya scott
[11:33] {scottie} bye everyone :)
01[11:35] {Threei}  frikin SLW
[11:36] {jdetente} I broke the rules and got 1:1
[11:36] {Will49} you're under arrest
01[11:37] {Threei}  let me give you better way to break rules
01[11:38] {Threei}  SLW invalidated .60 setup at 11:20 - 11:21, by going to .73,
01[11:38] {Threei}  dropped to .55,
01[11:38] {Threei}  bounced and topped out at .71.
01[11:38] {Threei}  Breaking .70 it gave an aggressibe double top entry,
01[11:39] {Threei}  with much tighter stop and better potential
01[11:39] {Threei}  vs .60 trigger that was very iffy
[11:39] {jdetente} with a .76 stop?
01[11:39] {Threei}  right
[11:39] {jdetente} that makes sense better risk/reward
01[11:39] {Threei}  .60 could have easily be a trap with immediate bounce
01[11:39] {Threei}  forming double bottom, .55 - .58
01[11:41] {Threei}  OK, economy is finished as of today
01[11:42] {Threei}  750,000 jobs
[11:42] {dino} the joke is he set this up
01[11:42] {Threei}  there are more jokes in it
01[11:42] {Threei}  for instance, these cuts can easily be reconfigured so they cut waste
01[11:43] {Threei}  but he doesn't want it, he wants them to cause damage, so he could lay the fault at republicans' feet
01[11:44] {Threei}  there you go: "ot's happening because republicans in congress failed to act"
[11:44] {dino} never his fault for anything
[11:45] {Will49} is ANYBODY in politics or business taking responsibility for anything these days?
[11:46] {Will49} the "me" generation in action
[11:47] {dino} clh drop
[11:49] {Will49} Jaded:  
[11:49] {Will49} The end result of having a steady flow of negative experiences, disappointment, and unfulfillment fed into a person where they get to the point where their anger circuits just sort of burn out and they accept disillusionment.
[11:49] {Will49} me
[11:49] {Will49} but just about politics mainly
[11:50] {dino} clh sm l .80
[11:51] {dino} out clh .10, +.30
[11:52] {Will49} guess I insulted the "me" generation guys here too
[11:53] {dino} lol. yo are just stating the truth
[11:53] {Will49} yeah dino:)
[11:54] {Will49} the "me" generation guys here ARE taking responsibility for their own financial affairs anyway
[11:56] {dino} left a lot on the table w/clh
[11:56] {Will49} Hey Vad, I'm starting to sound like that guy on the blog who complains about everything. Can
[11:56] {Will49} t remember his name
[11:56] {nemo} the Hawaiian guy?
01[11:56] {Threei}  I am not much different so... :)
[11:57] {Will49} no. older guy from Illinois
01[11:57] {Threei}  grym
[11:57] {Will49} that's him
[11:57] {nemo} thus the moniker
[11:57] {Will49} :)
[11:57] {nemo} makes me look downright palatable
[11:57] {Will49} when I was reading the blog, i had to put the guy on ignore
[11:58] {Will49} now, i is he
[11:59] {Will49} would never put you on ignore nemo
[11:59] {Will49} we don't have an ignore button, do we?
01[12:00] {Threei}  we do
01[12:00] {Threei}  in mirc
[12:01] {Will49} tks Vad...don't need it :)
[12:03] {Will49} gonna have a shower and see if I can run my attitude down the drain
01[12:05] {Threei} Short Setup: SLW  .50 break
[12:15] {thomcbell} how was the morning nice rally
01[12:15] {Threei}  back and forth
01[12:15] {Threei}  perfect opening
01[12:16] {Threei}  then this slow climb started
01[12:16] {Threei}  yolu know how much I hate those
[12:17] {thomcbell} fb looks like a long here
[12:17] {dino} decent tbell
[12:31] {thomcbell} long setup coh - 48.42 break if holidng 48.34
[12:44] {thomcbell} coh invalid
[12:44] {thomcbell} still on watch
[12:47] {thomcbell} fb worked 1:2 if anyone did -
01[12:47] {Threei}  wtg
[12:51] {thomcbell} fb 1:3
[12:51] {thomcbell} dino - trla
[12:52] {thomcbell} going bananas today
[12:53] {dino} lemme look
[12:53] {dino} need a big azz spike
[12:54] {thomcbell} fb out final 27.49
[12:58] {thomcbell} fb lord
01[12:58] {Threei}  yeah
01[12:59] {Threei}  news driven
01[12:59] {Threei}  Facebook Schedules a media even for March 7th to unveil a new look for Facebook.com's news feed - blogs- "Facebook has just sent out an invite to press with the text Come see a new look for News Feed. The event will be held at Facebook on Thursday March 7th, 2013 at 10am PST and well be on site."
01[12:59] {Threei}  what's the big deal about "new look"
01[12:59] {Threei}  shrig
01[12:59] {Threei}  srug
01[12:59] {Threei}  shrug
01[12:59] {Threei}  got it on third try
[13:00] {nemo} Hey! Komrade...get a load of this: http://bloom.bg/Z2LPXn
[13:01] {nemo} or this:  http://bit.ly/Z2LUu3
[13:01] {Will49} vad will go ballistic
01[13:02] {Threei}  sigh
01[13:02] {Threei}  you are USSR in the making, that'sall I can say
[13:02] {Will49} sigh is a sign of jadedness
[13:03] {nemo} he says the same thing my Russian friend said when he came here in 75.  "I never thought I'd see this again."
01[13:03] {Threei}  wait... he said that in 75?
01[13:03] {Threei}  or he camr in 75 and says it now?
[13:03] {nemo} that's when he came here
[13:03] {nemo} sorry
01[13:04] {Threei}  so when did he say it?
[13:07] {dino} its starting to look like atlas shrugged
[13:07] {nemo} about 15 years ago was the first time
[13:07] {nemo} that I remember anyway
01[13:08] {Threei}  OK... I have no direct knowledge of that, I came here 17 years ago :)
[13:08] {nemo} frickin' rookies
01[13:08] {Threei}  but what I see now is frighteningly similar
[13:18] {nemo} well habeus corpus is toast, now they're going after private property
01[13:30] {Threei}  will, look dcc
[13:34] {Will49} thanks Vad:)
[13:37] {thomcbell} feel like fb could squeeze more
[13:37] {thomcbell} thing has been such a dog - should have a lot of shorts
[13:37] {dino} bid spike
[13:39] {dino} sm s .85 bstop .02
[13:43] {dino} to .75
[13:44] {dino} cov bid .70, +.15
01[13:47] {Threei} Short Setup: GDX  .15 break
01[13:47] {Threei}  If holds  .25
01[13:54] {Threei}  (US) Senate Minority Leader McConnell (R-KY): Will not agree to increase taxes, any sequester agreement will not be a 'back room deal'
01[13:54] {Threei}  this one below is almost comic:
01[13:54] {Threei}  (DE) Germany Chancellor Merkel: Budget savings and economic growth are not competing ideas; it is wrong to be negative about 'sound budgets'
01[13:54] {Threei}  the very fact that someone needs to say it...
[13:55] {dino} right
[14:01] {dptl} have a good weekend all...see ya monday
01[14:01] {Threei}  huh? 2 hours of suffering left!
[14:01] {Will49} peace dp:)
[14:01] {dptl} go to go :)
01[14:02] {Threei}  sigh
01[14:02] {Threei}  no... jaded sigh
01[14:02] {Threei}  :)
[14:02] {Will49} if you don't go when you have to go, when you go to go you find you've already gone
01[14:02] {Threei}  lol
[14:02] {dino} cya dp
[14:23] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz]\
[14:30] {dino} wday spike
[14:35] {dino} shpg
01[14:48] {Threei} Long Setup:  FB  .85 break
[14:49] {thomcbell} without consolidatation?
01[14:50] {Threei}  the speed with which things go, it will consolidate plenty before breaking that :)
01[14:50] {Threei}  just want to put the trading idea out tnhere in advance
[14:53] {thomcbell} splk 38.26 long setup if holding 38.15
[14:53] {thomcbell} typed a bit late sorry
[14:54] {thomcbell} splk 1:1
[14:59] {dino} shpg again
01[15:04] {Threei}  1:1
01[15:10] {Threei}  wow, I finally got something right, since morning :)
[15:11] {jdetente} dang it...my internet died for the past 30 minutes
01[15:12] {Threei}  yikes
[15:12] {jdetente} last trade for me was the GDX stop out
01[15:13] {Threei}  we got FB long from .85 since then
[15:13] {jdetente} cool.
[15:26] {thomcbell} what a rinse that was on splk
[15:33] {Will49} Have to skip out...have great weekend eveybody:)
01[15:33] {Threei}  take care will
01[15:47] {Threei}  somewhat tiresome week
01[15:48] {Threei}  I liked the selloff part, not the climb back up part
01[15:48] {Threei}  let's have a great weekend and get them next week
01[15:48] {Threei}  see you all Monday
[15:48] {jdetente} sounds like a plan. Have a great weekend all.
[15:51] {dino} calling it a week, thx for ideas
01[15:53] {Threei}  take care dino